Inox Wind Energy (BOM:543297) Receivables Turnover : 0.46 (As of Mar. 2024)

View and export this data going back to 2021. Start your Free Trial

What is Inox Wind Energy Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Inox Wind Energy's Revenue for the three months ended in Mar. 2024 was ₹5,285 Mil. Inox Wind Energy's average Accounts Receivable for the three months ended in Mar. 2024 was ₹11,373 Mil. Hence, Inox Wind Energy's Receivables Turnover for the three months ended in Mar. 2024 was 0.46.

Inox Wind Energy Receivables Turnover Historical Data

The historical data trend for Inox Wind Energy's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Inox Wind Energy Receivables Turnover Chart

Inox Wind Energy Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

0.51

0.60

0.56

0.77

1.78

Inox Wind Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.21	0.22	0.39	0.47	0.46

Competitive Comparison of Inox Wind Energy's Receivables Turnover

For the Specialty Industrial Machinery subindustry, Inox Wind Energy's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Inox Wind Energy's Receivables Turnover Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Inox Wind Energy's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Inox Wind Energy's Receivables Turnover falls into.

Inox Wind Energy Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Inox Wind Energy's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	17463	/ (	(8271	+	11372.7)	/	2 )
=	17463	/	9821.85
=	1.78

Inox Wind Energy's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	5284.9	/ (	(0	+	11372.7)	/	1 )
=	5284.9	/	11372.7
=	0.46

Inox Wind Energy (BOM:543297) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Inox Wind Energy Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Inox Wind Energy's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Inox Wind Energy (BOM:543297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Inox Wind Energy Ltd (BOM:543297) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

IWEL:India

Address

INOX Towers, Plot No. 17, Sector 16A, Noida, UP, IND, 201301

Website

https://www.inoxwind.com

Inox Wind Energy Ltd is engaged in the business of manufacture and sale of Wind Turbine Generators (WTGs). It also provides Erection, Procurement and Commissioning, Operations and Maintenance and Common Infrastructure Facilities services for WTGs and wind farm development services. The area of operations of the company is within India. The company generates revenue from the sale of goods, and services.

Inox Wind Energy (BOM:543297) Headlines

No Headlines